Xin Lang Cai Jing·2025-12-12 11:16Group 1: Alphabet (GOOG, GOOGL) - Alphabet's stock has seen an impressive increase of over 80% since July 1, 2025, driven by favorable court rulings, breakthroughs in artificial intelligence, and potential new business divisions [3][12] - The company has turned its fortunes around in the generative AI space, previously lagging behind competitors but now recognized for its rapid advancements, prompting concerns from OpenAI [3][12] - Alphabet's cost advantage lies in its Tensor Processing Units (TPUs), which are more efficient and cheaper for specific workloads compared to NVIDIA's GPUs, allowing for a more scalable and cost-effective infrastructure [3][12][13] - There are reports of Meta Platforms negotiating with Alphabet to purchase TPUs, indicating a strategic shift that could open new business avenues and lead to significant growth if successful [4][14] Group 2: Taiwan Semiconductor Manufacturing Company (TSMC) - TSMC is the leading foundry for chip manufacturing, crucial for supplying chips to major AI companies that primarily focus on chip design [5][15] - The company experienced remarkable growth in 2025, with each quarter showing significant revenue increases [6][16] - As long as investments in the AI sector remain high, TSMC's chip demand is expected to continue thriving, with record capital expenditures from AI companies in 2025 and even higher plans for 2026 [8][17] - NVIDIA projects that global data center capital expenditures could reach $3 trillion to $4 trillion by 2030, which would require a vast number of chips, further driving TSMC's business growth [8][17]